Northmarq completes sale of Moorefield Apartments in Mission, TX

SAN ANTONIO (Nov. 2, 2023) — Northmarq’s San Antonio Multifamily Investment Sales team, spearheaded by Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe and Brian Booth, has adeptly concluded the sale of the 29-unit Moorefield Apartments in Mission, Texas. Built in 2007, the property stands prominently at 3206 N. Moorefield Rd. Northmarq represented the buyer, an affiliate of A-Strategy Management, in the transaction. The seller was a private investor based in San Antonio. Grafe remarked, “The property was not only competitively priced but also had a loan assumption feature, which we identified as highly appealing to the buyer. Given the buyer's acquisition of a neighboring property just recently, we were optimistic about a seamless transaction.” Nestled in one of America's rapidly expanding cities, Moorefield Apartments offers expansive two-bedroom residences which are ideally situated near parks, top-rated schools like South Texas College-Pecan, and a brief drive away from the McAllen Miller International Airport. The region's distinction as the main land port for imports of produce from Mexico, combined with esteemed educational establishments such as The University of Texas Rio Grande Valley and South Texas College, underscores the area's promising future and sustained growth. View available multifamily properties here.